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Douglas County School District estimates it has saved taxpayers up to $4.7 million over the next 18 years by refinancing bonds.
The district was able to lower the interest rate on outstanding general obligation bonds to an average of 2.91 percent, from an average interest rate of 5 percent.
The savings works out to about $245,000 a year.
District officials say they were able to get favorable interest rates because Douglas County Schools has maintained exemplary investment ratings.
Like districts across the state, Douglas County has been hit hard by state cuts in funding for public schools.
